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Businesses aren't flocking to this round of PPP loans

Feb 2, 2021
Three-quarters of the money Washington set aside hasn't been touched. Some point to new restrictions on which businesses qualify.
Despite the need for relief, businesses are finding it difficult to meet the eligibility requirements.
Stephanie Keith/Getty Images

Lenders start processing the second round of PPP loans

Jan 25, 2021
Bankers say the process is running a lot more smoothly this time, in part because they have a better sense of what to expect.
Olivier Douliery/AFP via Getty Images

Bodegas are a lifeline in NYC ... and many are in trouble

Jan 12, 2021
These small convenience stores are often focal points for neighborhoods, and not only for the food and other supplies they sell.
Francisco Marte's bodega is a lifeline for many in his Bronx community.
Jasmine Garsd/Marketplace

New PPP changes aim to serve businesses owned by marginalized communities

Jan 12, 2021
A Black-owned bank CEO in South Carolina says the new PPP applicants he's seen are businesses owned by women and people of color.
Applications have to go through community banking organizations — no big banks, for now, at least.
hapabapa via Getty Images

Next round of PPP loans starts Monday

Loan money can be used to cover more expenses this time around — not just payroll, but also to buy supplies.
Larger companies initially took advantage of the Paycheck Protection Program, which was intended to offer forgivable loans to smaller businesses.
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New Paycheck Protection Program will have more restrictions than the first

Jan 6, 2021
This new round of PPP will only be available to companies with fewer than 300 employees.
A boy gets his hair cut at a barbershop in Austin, Texas, on May 8.
Sergio Flores/AFP via Getty Images

Small business owners eye a second Paycheck Protection Program loan

Dec 23, 2020
Some previous applicants say they're weighing past experiences, as they decide whether to apply again.
A restaurant employee moves between tables outside of a restaurant in Manhattan on Dec. 11 in New York City.
Spencer Platt/Getty Images

For public good, not for profit.

Paycheck Protection Program loan recipients face a new challenge: Taxes

Nov 17, 2020
As the year draws to a close, small business owners are starting to figure out their tax liabilities for 2020. That's complicated for businesses that got Paycheck Protection Program loans.
Empty chairs are seen inside a restaurant in New York on Nov. 13, 2020. Businesses whose PPP loans are forgiven are not allowed to claim deductions on expenses that were paid for using loan money.
Kena Betancur/AFP via Getty Images

Paycheck Protection Program loans have been a lifeline — for some businesses

Nov 11, 2020
Two PPP recipients discuss their relief loans and the challenges of staying open through the pandemic.
PPP loans helped keep some businesses afloat, but restaurants and bars are still struggling — especially as COVID-19 cases rise.
Spencer Platt/Getty Images

Colder weather is driving diners indoors. But not that many can safely fit.

Oct 23, 2020
It’s been about three weeks since New York City restaurants got approval to serve diners indoors, but only at 25% capacity.
A waiter delivers food to a table at Chelsea Square Restaurant as New York City restaurants open for limited capacity indoor dining on Oct. 1, 2020.
Bryan R. Smith/AFP via Getty Images